Traders Purchase High Volume of Datadog Call Options (NASDAQ:DDOG)

Datadog, Inc. (NASDAQ:DDOG) was the target of some unusual options trading activity on Monday. Stock investors acquired 36,984 call options on the stock. This is an increase of approximately 57% compared to the average volume of 23,521 call options.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DDOG. Sanford C. Bernstein decreased their price objective on Datadog from $157.00 to $151.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. BNP Paribas began coverage on shares of Datadog in a research report on Tuesday, October 8th. They issued an “outperform” rating and a $150.00 target price on the stock. Cantor Fitzgerald initiated coverage on Datadog in a report on Friday, January 17th. They issued an “overweight” rating and a $180.00 price objective for the company. Wedbush raised Datadog from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, Monness Crespi & Hardt upgraded shares of Datadog from a “neutral” rating to a “buy” rating and set a $155.00 price objective for the company in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $158.45.

Insider Activity

In other news, Director Matthew Jacobson sold 3,393 shares of Datadog stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $125.03, for a total value of $424,226.79. Following the completion of the transaction, the director now owns 695,086 shares in the company, valued at approximately $86,906,602.58. This trade represents a 0.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Kerry Acocella sold 2,488 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $158.04, for a total value of $393,203.52. Following the transaction, the general counsel now owns 68,758 shares of the company’s stock, valued at $10,866,514.32. This trade represents a 3.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 642,679 shares of company stock valued at $92,155,421 over the last quarter. Corporate insiders own 11.78% of the company’s stock.

Institutional Investors Weigh In On Datadog

Large investors have recently made changes to their positions in the company. True Wealth Design LLC lifted its position in shares of Datadog by 12,000.0% in the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company’s stock worth $28,000 after acquiring an additional 240 shares during the period. Retirement Wealth Solutions LLC acquired a new position in shares of Datadog during the 4th quarter worth about $30,000. Avior Wealth Management LLC increased its holdings in shares of Datadog by 55.9% in the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock worth $32,000 after acquiring an additional 81 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of Datadog by 66.5% in the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after buying an additional 115 shares during the period. Finally, Quarry LP bought a new stake in shares of Datadog in the third quarter valued at about $33,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Stock Performance

Shares of NASDAQ:DDOG traded up $4.86 during trading on Monday, reaching $145.85. The company had a trading volume of 2,581,177 shares, compared to its average volume of 3,378,722. The firm’s fifty day moving average is $147.36 and its 200 day moving average is $128.91. Datadog has a twelve month low of $98.80 and a twelve month high of $170.08. The firm has a market capitalization of $49.55 billion, a PE ratio of 275.07, a price-to-earnings-growth ratio of 16.28 and a beta of 1.14.

Datadog Company Profile

Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products comprise infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, data streams and universal service monitoring, network monitoring, incident management, workflow automation, observability pipelines, cloud cost and cloud security management, application security management, cloud SIEM, sensitive data scanner, and CI visibility.